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Popee83 System

  • #421
  • Jun 15, 2009 7:20pm Jun 15, 2009 7:20pm
Quoting Popee83
Trade calls for tomorrow .. that is if the BRIC summit wont cause any/much turbulence ... ...

EU:

m-fibo pivot is at 1.3853 somewhere close to x_fibo 38.2 .. to the upside .. we have .382 node at 1.3947 and .618 at 1.4005 .. 1.0 is at 1.4100 ......
Hi to the whole house ....

FYI:

A while back I asked what was the significance of using COG best fit m=2 in Polynomial regression ....

Well .. if you are trading cable now .. or have observed .... you should notice COG at m5 can predict an upcoming reversal in trend with almost laser point accuracy ....

You should notice the green and golden arms of COG coming closer together and slowly closing the gap between btw the lines .. both at the upper and lower arms of COG ...

Hence ... since no one answered that ... I do hope that you will see a potential trade very early .. but still wait for a more thinner decisive gap btw the COG lines ... ..

New traders too can observe this to verify .... this happens better during mkt transitions and during slower mkt activity i.e when their isn't much volatility ... So watch and judge for yourselves .. :nerd:...
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #422
  • Jun 16, 2009 12:25am Jun 16, 2009 12:25am
Stocks Have Worst Day in a Month....

Stocks logged their worst day in a month Monday as a key manufacturing gauge came in weaker than expected and the dollar made a comeback.The Dow Jones Industrial Average dropped 187.13, or 2.1 percent, to close at 8,612.13. The S&P 500 shed 2.4 percent and the Nasdaq lost 2.3 percent.
The CBOE Volatility Index, widely considered the best gauge of fear in the market, finished at nearly 31. Some analysts said that's a sign of worse things to come for stocks this summer. ...


source:
http://www.cnbc.com/id/31374147


"I am convinced that He (God) does not play dice." - Albert Einstein
  • #423
  • Edited 2:08am Jun 16, 2009 1:44am | Edited 2:08am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Hi Folks,

I was unable to pitch in yesterday as I was busy and seems I might be busy for a while.

Anyhow, as popee said if all goes well at BRIC summit or news gbp, we are looking at upside today for cable: 1.642,1.649 minimum.

if not, who knows, :-) it might be 625 or even 161. As you already know market is volatile and we will see frequent up's & down then usual. No trend for a while just zigzag serpent :-)

Not sure if you guys enjoyed the short ride yesterday as I mentioned : 163500, 162500?


ams
  • #424
  • Jun 16, 2009 4:10am Jun 16, 2009 4:10am
Quoting ams
Hi Folks,

I was unable to pitch in yesterday as I was busy and seems I might be busy for a while.

Anyhow, as popee said if all goes well at BRIC summit or news gbp, we are looking at upside today for cable: 1.642,1.649 minimum.

if not, who knows, :-) it might be 625 or even 161. As you already know market is volatile and we will see frequent up's & down then usual. No trend for a while just zigzag serpent :-)

Not sure if you guys enjoyed the short ride yesterday as I mentioned : 163500, 162500?


ams
Hey arms ... today i have lost cash man ... .. all of my gains from yesterday Asian and London sessions are gone! ... Anyway, I had risked that much for SL after placing two range trades .... Am from booking a plane ticket .... So why the sudden north flip man? ... But today at NY session I will be keen to recover my $ 480 loss ...


Am now watching CNBC and there seems to be some challenges for the $ as the global reserve currency ahead of the BRIC summit ... Also Bank of Japan maintaining low rates ....

DAX doing well so far .... seems to be around +ve territory ... ... and hasn't declined much from yesterdays fall .... Hope the worst is behind us .. these Indices shouldn't go South guys ....

Hey ams ... the DJIA could also go up ... since it is lying around the 8600 Support ...

So .. I do hope that all guys went in todays London session following the DAX .... .. In that way, you would have made some handsome profits ..

FYI: Please consider ams advice a lot here .... and all the best folks ... Pls remember to trade within the upper quartiles of m-fibo and don't over trade ...
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #425
  • Edited 6:36am Jun 16, 2009 5:11am | Edited 6:36am
Is there anyone here who has been blindly following the "big houses" - (DAX, FTSE 100, DJIA and NIKKEI) ... at their opening's? .... ...

Someone could demo the impact of the houses at least 20-40 min into the openings of the respective sessions for each Index in play and see what kind of results we would get .... ...

So, I suppose after 20-40 min into e.g london session ... one can then place a quick 30 pip TP riding the DAX/FTSE 100. direction... Same applies for the other indices too ... hence watch keenly the session transitions ..:nerd:

I suppose we could possibly get some interesting results here ... and it is mechanical too .... you get your 30 pips for at least 2 session openings per day .. that is 60 pips without staying for long hours in front of the computers ... ..

waiting to see if we could get some strategy this way for those of us who are very busy and can trade from blackberries, smart phones and even small netbooks ...OK ...

please we should attempt this and see how it goes ... we could be onto something important here ... so Tracom .. we try this too in our quest for greener statements ...
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #426
  • Jun 16, 2009 5:31am Jun 16, 2009 5:31am
Russia to Raise Reserve Currency Issue at BRIC ...

Russia will advocate a cautious approach to changing the system of global reserve currencies when the world's biggest emerging economies hold their first formal summit on Tuesday, the Kremlin's top economic aide said.http://media.cnbc.com/j/CNBC/Section...v.standard.jpg
Brazil, Russia, India and China — which account for 15 percent of the $60.7 trillion global economy — will focus on ways to reshape the financial system after the economic crisis.
Russian President Dmitry Medvedev will raise the issue of a global reserve currency at the meeting, top economic aide Arkady Dvorkovich, said.
"There is an understanding that the last thing we need now is turmoil on financial markets," Dvorkovich told a news briefing. "No one wants to ruin the dollar, including us." The meeting is scheduled to last about 2 hours. .....



link:
http://www.cnbc.com/id/31378319
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #427
  • Jun 16, 2009 6:53am Jun 16, 2009 6:53am
Quoting Popee83
FYI: Please consider ams advice a lot here .... and all the best folks ... Pls remember to trade within the upper quartiles of m-fibo and don't over trade ...
I was away the whole morning so didn't trade at all so I miss the upward move.

Pop, can you clarify again what you mean by "trade within the upper quartiles of m-fibo" again? I take it as to trade the price toward the 0.382 or 0.618 m-fibo.

Thanx
  • #428
  • Jun 16, 2009 6:57am Jun 16, 2009 6:57am
Ams and Dovo ... I can see the DAX gaining a lot of ground today.... .. Hope the same will apply to NY session opening ... lol .. the DJIA shouldn't disappoint ...

Currently chasing PA to make up for some of my loses ....
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #429
  • Jun 16, 2009 7:01am Jun 16, 2009 7:01am
Quoting DOVOFreak
I was away the whole morning so didn't trade at all so I miss the upward move.

Pop, can you clarify again what you mean by "trade within the upper quartiles of m-fibo" again? I take it as to trade the price toward the 0.382 or 0.618 m-fibo.

Thanx
Sure .. these are the .382, .618 and 1.0 nodes above m-fibo pivot ... .. If you go beyond that ... you will definitely be over trading ... Still watching CNBC Squawk Box ....
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #430
  • Jun 16, 2009 7:28am Jun 16, 2009 7:28am
Don't forget to check the "Allow DLL imports" Box .. ..
Attached File(s)
File Type: mq4 P4L Clock.mq4   37 KB | 241 downloads
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #431
  • Jun 16, 2009 7:29am Jun 16, 2009 7:29am
Quoting Popee83
Sure .. these are the .382, .618 and 1.0 nodes above m-fibo pivot ... .. If you go beyond that ... you will definitely be over trading ... Still watching CNBC Squawk Box ....
Thanx for the clarification and I'll try to remember this reminder.

I am standing aside now waiting for the 8:30am news.
  • #432
  • Jun 16, 2009 7:34am Jun 16, 2009 7:34am
Quoting DOVOFreak
Thanx for the clarification and I'll try to remember this reminder.

I am standing aside now waiting for the 8:30am news.

Am in myself ... trading news ... .. PPI starts good.
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #433
  • Jun 16, 2009 9:42am Jun 16, 2009 9:42am
Anything interesting? .. Am now watching DJIA and just waiting for a clear direction and then I jump in ...
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #434
  • Jun 16, 2009 9:57am Jun 16, 2009 9:57am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Hi Popee,

Hope all going well with you and you have made some pips....

I had a rollercoaster ride today, I lost a huge some due to human error (not judgement call :-) then made it back until then had sweaty palm etc you know typical trader nerve.

Anyhow, market seems choppy, and in about 30 minutes I will stop trading as our boy will be alone and will throw tantrums...seems people are buying stocks now.

ams



Quoting Popee83
Anything interesting? .. Am now watching DJIA and just waiting for a clear direction and then I jump in ...
  • #435
  • Jun 16, 2009 10:04am Jun 16, 2009 10:04am
Quoting ams
Hi Popee,

Hope all going well with you and you have made some pips....

I had a rollercoaster ride today, I lost a huge some due to human error (not judgement call :-) then made it back until then had sweaty palm etc you know typical trader nerve.

Anyhow, market seems choppy, and in about 30 minutes I will stop trading as our boy will be alone and will throw tantrums...seems people are buying stocks now.

ams
Hey man...

Yes am hyper-scalping -m1 .. .. I do also think DJIA will also gain ground ...
Still watching .. Could be choppy too ...but am thinking north ...
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #436
  • Jun 16, 2009 11:08am Jun 16, 2009 11:08am
Quoting Popee83
Anything interesting? .. Am now watching DJIA and just waiting for a clear direction and then I jump in ...
Me too. Watching DJIA like a hawk but it is not moving higher as expected. I think DAX was trying to pull EU up but DJIA is losing ground. The COG on 5m TF is slowly turning south so I didn't want to risk it too much. I just scalped a few pips here and then when the Asctrend indicator appear. I also watch the Trix crossing for indication as the market is really choppy.
  • #437
  • Jun 16, 2009 11:22am Jun 16, 2009 11:22am
Quoting DOVOFreak
Me too. Watching DJIA like a hawk but it is not moving higher as expected. I think DAX was trying to pull EU up but DJIA is losing ground. The COG on 5m TF is slowly turning south so I didn't want to risk it too much. I just scalped a few pips here and then when the Asctrend indicator appear. I also watch the Trix crossing for indication as the market is really choppy.
Seems likely the NY session is just breaking even ... DJIA not moving much ...
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #438
  • Jun 16, 2009 11:26am Jun 16, 2009 11:26am
Hey POP, the M-fibo pivot would be the yellow line ?
  • #439
  • Jun 16, 2009 11:30am Jun 16, 2009 11:30am
Perharps those guys at NYSE should be told to hit that DJIA comp- machine ... .. It is so quite man ...
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #440
  • Jun 16, 2009 11:32am Jun 16, 2009 11:32am
Quoting tracom
Hey POP, the M-fibo pivot would be the yellow line ?
Sure man ..the middle yellow line .... If you trade use Asctrend indi.. for signals generation ...
"I am convinced that He (God) does not play dice." - Albert Einstein
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